Loan & DebtMay 28, 2026, 05:26 PM
Vestand Inc. Secures $200,000 Loan at 16% Interest
AI Summary
Vestand Inc. entered into a Loan Agreement with Good Mood Studio Inc. on March 17, 2026, for a principal amount of $200,000. The loan carries a high interest rate of 16% per annum, increasing to 18% for overdue amounts, and is due by September 16, 2026. It is secured by 100% of Vestand's equity interest in Vestand Korea Co., Ltd., and the funds are intended for general corporate and operating purposes.
Key Highlights
- Vestand Inc. secured a $200,000 loan from Good Mood Studio Inc.
- The loan bears an annual interest rate of 16%.
- Overdue amounts will incur an 18% annual interest rate.
- The full loan, including interest, is due by September 16, 2026.
- The loan is secured by 100% of Vestand's equity interest in Vestand Korea Co., Ltd.
- Proceeds from the loan are designated for general corporate and operating purposes.
Price Impact
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